Saturday, September 24, 2011
Part of the latest kerfluffle in the world's stock and money markets was a sharp fall in commodities prices. Oil has now fallen below $80 a barrel for the first time in a long time. Gold prices have dropped sharply, and silver has lost nearly a quarter of its value in the last three days.
And for hard-core gold bugs and silver surfers, that can mean only one thing -- It's a great time to buy!
Buying and holding precious metals is not for the faint of heart, nor is it a happy vehicle for speculators. You have to be in it for the long haul, and looking forward past the horizon, gold and silver are the only investments that make sense. And silver makes more sense than gold because it's a more practical medium of exchange.
So Excelsior! The global economy is a farce, and may the farce be with somebody other than you (and me).